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How much does an estate planning attorney make?

Jul 08, 2015 · Even if you’re working with an experienced estate-planning attorney, it's essential to review all documents and forms to avoid any miscommunication. Be clear about what can be changed later, and ...

What does an estate planning attorney do?

When you work with a lawyer at North Tampa Law Group, you will have all the support you need differentiating between and selecting a non-durable, durable, or springing power of attorney who you can trust to act in your best interests. Call (813) 518-7411 now to schedule a consultation and explore your estate planning options.

How to find an estate planning attorney?

Jamie is an exceptional Estate Planning attorney who works very closely with his clients. The first time you meet with him, you will know immediately that he has the expertise to walk you through the entire estate planning process. My wife and I are extremely pleased with the comprehensive Estate Planning Portfolio we now have in place. Contact Us

What to look for in an estate planning lawyer?

We understand that you may have a budget for your planning. Our firm provides customized estate plans and hands on guidance. We educate and explain. Our firm does not dabble in estate planning. We focus on it. We do cost more than estate planning sites that offer do it yourself plans or limited contact with an attorney. We do not offer $89 Wills.

Do estate planning attorneys litigate?

A probate litigation attorney helps individuals, heirs, beneficiaries, executors, and trustees navigate the litigation process to secure the best result. ...

What do you call the person who handles your estate for you?

Key Takeaways. An executor is the person who administers a person's estate upon their death. The primary duty is to carry out the wishes of the deceased person based on instructions spelled out in their will or trust documents, ensuring that assets are distributed to the intended beneficiaries.

When should a person begin estate planning?

Many financial advisors would recommend starting an Estate Plan the moment you become a legal adult, and updating it every three to five years after that.

Who are the individuals you would choose to help you prepare an estate plan for a client?

Your attorney An attorney can help guide you through the process of building an appropriate plan. Attorneys also may specialize in certain areas of estate law, such as special needs planning or elder law, so consider whether that expertise may be useful as you build your estate plan.Aug 2, 2021

Can the executor of a will be a beneficiary?

When making a will, people often ask whether an executor can also be a beneficiary. The answer is yes, it's perfectly normal (and perfectly legal) to name the same person as an executor and a beneficiary in your will.Aug 11, 2021

Can an executor of an estate give power of attorney to someone else?

Can an executor appoint another executor? If they are unable to act temporarily, for example, they live abroad; it is possible to give a Power of Attorney to another person to act on their behalf. The executor can delegate the functions he/she has to carry out to the attorney.

What are the 5 components of estate planning?

A good estate plan is comprised of five key elements: Will, Trust(s), Power of Attorney, Health Care or Medical Directive and Beneficiary Designation. A will is a legally binding document that directs who will receive your property and assets after your death.Nov 8, 2017

What are the main steps in estate planning?

Seven steps to basic estate planningInventory your stuff.Account for your family's needs.Establish your directives.Review your beneficiaries.Note your state's estate tax laws.Weigh the value of professional help.Plan to reassess.Jan 11, 2022

What are the four important estate planning factors?

The Estate Planning Must-HavesWill/trust.Durable power of attorney.Beneficiary designations.Letter of intent.Healthcare power of attorney.Guardianship designations.

How do you avoid probate?

How can you avoid probate?Have a small estate. Most states set an exemption level for probate, offering at least an expedited process for what is deemed a small estate. ... Give away your assets while you're alive. ... Establish a living trust. ... Make accounts payable on death. ... Own property jointly.

What should I bring to a will?

What to Include in a WillA list of all of your assets. ... A list of all your liabilities. ... The beneficiaries (who to give the assets to) and guardians (for if the beneficiaries are too young), and how much each one is to receive. ... The executors (to carry out your will). ... The advisors.More items...•Jun 20, 2019

What should I include in my will?

What are the Most Important Things to Put in a Will?Personal Information. This should go without saying, but your will should include basic information about you to be official. ... Last Will and Testament Verbiage. ... Property and Assets. ... Beneficiaries. ... Executor. ... Guardianship. ... Signatures.

How to plan for a death?

That is estate planning—making a plan in advance, naming the people or organizations you want to receive the things you own after you die, and taking steps now to make carrying out your plan as easy as possible later. However, good estate planning is much more than that. It should also do the following: 1 include instructions for your care and financial affairs if you become incapacitated before you die 2 include arrangements for disability income insurance to replace your income if you cannot work due to illness or injury, long-term care insurance to help pay for your care in case of an extended illness or injury, and life insurance to provide for your family at your death 3 provide for the transfer of your business at your retirement, disability, incapacity, or death 4 name a guardian for your minor children’s care and inheritance 5 provide for family members with special needs without disqualifying them from government benefits 6 provide for loved ones who might be irresponsible with money or who may need protection from creditors or in the event of divorce 7 minimize taxes, court costs, and unnecessary legal fees, which may include funding assets into a living trust, completing or updating beneficiary designations, or otherwise aligning your assets with your estate plan

Why do people put off estate planning?

People put off estate planning because they think they do not own enough, they are not old enough, it will be costly or confusing, they will have plenty of time to do it later, they do not know where to begin or who can help them, or they just do not want to think about it. Then when something happens to them, their families have to pick up the pieces.

What is an estate?

Your estate consists of everything you own: your car, home, other real estate, checking and savings accounts, investments, life insurance, furniture, personal possessions. No matter how large or how modest, everyone has an estate and something in common—you cannot take it with you when you die. When that happens (and it is if not when), you ...

Is estate planning a one time event?

Importantly, estate planning is also an ongoing process, not a one-time event. You should review and update your plan as your family and financial circumstances (and the relevant laws) change over your lifetime.

What is estate planning?

Estate planning is one of the most thoughtful and considerate things you can do for your loved ones.

Is estate planning good for the wealthy?

Estate planning is not just for the wealthy either, although people who have accumulated wealth may think more about how to preserve it. Good estate planning is often more impactful for families with modest assets because the loss of time and funds as a result of poor estate planning is more detrimental.

What is pour over will?

The accompanying pour-over will is a backup measure in the event that any assets are not funded into your trust during your lifetime and provides that those assets should be poured over into your trust upon your death. Unlike a probate, which will end at some point, a trust can continue long after your death.

What is a last will and testament?

While a living will handles your wishes while you are still alive, a last will and testament articulates exactly what you want to happen after your death. It gives you direct control over your assets and the future of your entire estate. From establishing payment frequency to beneficiaries to protecting your most important belongings, your last will and testament makes all sorts of arrangements possible. During your consultation with our Wesley Chapel estate planning attorney, we will help you arrange the simple and assured transfer of assets to your loved ones after your death.

What is an estate plan?

An estate is comprised of everything you own, like your car, home, bank accounts, investments, insurance policies, and personal possessions. An estate plan establishes exactly how all of your assets and most important belongings should be handled after your incapacitation or death.

What is a living will?

A living will outlines your specific requests for end-of-life and emergency care. If you become so sick or injured that you are unable to communicate your desires in the middle of a medical crisis, your living will provides all important information. This minimizes conflicts among your family members as they make decisions about your care. A living will gives you a voice, even when you can’t use your own.

What is a surrogate in health care?

Health Care Surrogate Designation. A health care surrogate is the person empowered to make decisions on your behalf if you ever become incapacitated. This person will honor the wishes of your living will and make all decisions in the best interests of your desires.

What is a surrogate power of attorney?

While a health care surrogate only handles your health care priorities when you become incapacitated, a power of attorney is tasked with managing all of your affairs if you ever become unable to do so. Selecting the right agent as your power of attorney is a major decision best made with the support of an experienced estate planning attorney. When you work with a lawyer at North Tampa Law Group, you will have all the support you need differentiating between and selecting a non-durable, durable, or springing power of attorney who you can trust to act in your best interests.

Who is Jamie Traughber?

Jamie Traughber is an Estate, Trust and Tax Attorney, and is the owner of Traughber Private Wealth Law, LLC. He graduated from the University of Kentucky with a B.A. in History and received his J.D. from the University of Louisville Brandeis School of Law. Jamie has practiced Estate, Trust and Tax law for his entire career.

What is traditional estate planning?

Our traditional estate planning practice provides a solid foundation for all estates, and these Traditional Estate Planning documents are a key component to planning and protecting your loved ones. These special services include Wills, Revocable Living Trusts, Irrevocable Trusts, and Disability Documents, such as Durable Powers of Attorney, Healthcare documents and more.#N#Our Advanced Estate Planning practice caters to the legal needs of business owners, corporate executives, high net worth individuals, and multiple generations of their families. We have great depth of experience advising clients in estate and gift tax planning, business succession planning, business growth, exit planning and asset protection needs.

What is a trust in a trust?

A trust is a legal agreement authorizing a third party – the trustee – to hold your assets on behalf of your beneficiaries. You would typically use a trust if, for instance, your children are too young to manage your transferred assets themselves. Your trustee would hold the assets for them until they are of age.

What is a Durable Power of Attorney?

For example, you may authorize a trusted friend to handle your finances, business, or healthcare. The most common is a Durable Power of Attorney which designates someone to handle your financial affairs even if you become disabled or lose capacity.

Stephen Heuston

Providing Florida with quality, responsive, and cost-effective legal services for Estate, Trust and Probate Matters since 1993.

John Farina

Since 1971, our attorneys have developed thousands of unique estate plans that protect and preserve.

Elaine N. McGinnis

Elaine N. McGinnis represents clients in estate planning & probate cases on behalf of Tampa, FL area clients.

Michael J. Faehner

Choose Michael J. Faehner for experienced, diligent estate planning & probate representation in the Tampa, FL area.

Alexa Larkin

Experienced, assertive estate planning & probate representation in the Tampa, FL area.

William B. McQueen

William B. McQueen is experienced handling Florida estate planning & probate cases in the Tampa area.

Javier A. Centonzio

Assisting people in Tampa with their Florida estate planning & probate issues.

The Warnock Law Group

Establishing Legal Guardianships? Call Today for any Pre Need Guardianship for Minors, Special Needs Adult Guardianship or Petition for Conservatorship. FREE CONSULTATION.

The Law Office of Anne Sunne Freeman

Choose The Law Office of Anne Sunne Freeman for qualified Estate Planning representation in the Tampa, Florida area.

Mander Law Group

Clients who need legal help with Estate Planning concerns can contact Mander Law Group, a reputable law firm in Tampa, Florida.

Delzer, Coulter & Bell, P.A

Connect with a proven Tampa, Florida law firm with experience helping clients with Estate Planning issues.

Griffin & Van Pelt, P.A

Connect with a local Tampa, Florida firm for experienced Estate Planning legal representation.

Summers Legal, P.A

Practical Estate Planning legal help. Representing Tampa, Florida clients.

Law Offices of Roberta Kohn, P.A

Practical Estate Planning legal help. Representing Tampa, Florida clients.